Arkema and Essar cosy up for joint venture in India
22 January 2007 – Arkema, the French chemical company, and Essar Chemicals, which is part of India’s Essar Group, are looking to form an acrylic acid and esters joint venture in India.
A memorandum of understanding has been signed and Arkema said that a world-scale production plant, using propylene as a feedstock, would come on stream in 2010. Located in Gujarat Province, on India’s northwest coast, the new plant would be close to Essar’s recently commissioned oil refinery.
“This unit should be the first acrylic acid plant to be built in India and would serve the fast growing acrylics market in the part of the world,” said Henri Dugert, Group President of Arkema’s Acrylics Business Unit.
